Maxine Waters, Chair of the U.S. House Financial Services Committee, sent a letter to the Federal Reserve Bank of Kansas City’s president, asking for a detailed explanation of the approval process for Payward Financial—an “account with limited purpose”—opened for cryptocurrency exchanges, and focusing on the scope of the relevant services, risk management requirements, and regulatory review, while expressing concerns about the account’s policies and consumer protection issues.

Gate News bot message, a whale deposited 51,750 SOL valued at $4.75 million into a centralized exchange after remaining dormant for seven months, realizing a loss of $4.37 million. The whale had initially withdrawn 50,000 SOL for $9.12 million and sent the tokens for staking.

U.S. Senator Elizabeth Warren sent a letter to prominent YouTuber MrBeast and his company, inquiring about their future plans in adolescent financial services and the cryptocurrency sector, emphasizing the need to comply with laws and address financial risks and consumer protection issues.

US prosecutors questioned the authenticity of an appeal letter sent by FTX founder SBF from prison, pointing out that its mailing address does not match the prison facility and violates relevant regulations. Although prosecutors did not directly accuse SBF of forgery, the inconsistencies in the letter have undermined the credibility of his request for a new trial. SBF was sentenced to 25 years for fraud and is seeking a retrial.

Gate News report: On March 21, OnchainLens monitoring showed that the World team allegedly conducted an over-the-counter transaction with a certain entity: The World team address received 35 million USDC from FalconX and a certain CEX, and subsequently sent 117 million WLD (approximately 3873

The Omnichain Trading Platform Based announced that the BASED tokens will be directly distributed to users' wallets on Hyperliquid on the day of TGE, avoiding congestion from manual claims. Users must specify a receiving wallet before March 25; those who do not will have their tokens automatically sent to the default address.

Gate News reports that on March 18, Sui ecosystem decentralized AI infrastructure project DeAgentAI announced it has completed the second round of AIA token airdrop distribution to Genesis NFT holders. The airdrop has been directly sent to users' bound Sui

On March 18th, Coin Center sent a letter to the U.S. SEC, urging the prioritization of systematic cryptocurrency asset regulatory rules to avoid market fragmentation and unfairness. The letter pointed out that crypto networks should be considered public infrastructure. The SEC recently issued a classification for non-securities crypto assets and signed a memorandum of understanding with the CFTC, aimed at strengthening regulatory coordination. Coin Center warned that selective regulation could impact market fairness. The U.S. Congress is advancing the CLARITY Act, expecting to provide a clear compliance pathway for digital assets.

Gate News bot message, the Royal Government of Bhutan transferred 596 BTC (valued at $44.44 million) to 2 wallets. Over the past 19 hours, the government has moved a total of 973 BTC ($72.32 million), which includes 20.5 BTC ($1.52 million) sent to QCP Capital.